Seattle Real Estate Mortgage Rates Today 2/9/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Inflation, QE2, Federal Reserve & Auctions, all serving up a cocktail mix for mortgage rates, here is the break down for today. Could the Bond Market be oversold, that is the technical pattern on the bond chart we are watching. Today represents the 8th consecutive day of losses for the bonds without much economic data in the U.S. being released. However before the bonds can bounce higher there is the Federal Reserve and Ben Bernanke speaking about the economy and their outlook and plans for Quantitative Easing 2. They are in front of the House Budget Committee being questioned specifically on QE2. Wall Street is closely monitoring any comments about INFLATION, the arch enemy of bonds and mortgage rates. And if that were not enough there is the 10 year auction set for 10:00 pacific time. Should this auction receive the same poor rating as the 3 year did yesterday we could once again see rates tick higher. We will break news on our Facebook page and also on twitter.
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